Market Research Report

Latin America Air Purifier Market Research Report: Forecast (2024-2030)

Latin America Air Purifier Market - By Type (Standalone Air Purifiers, In-duct Air Purifiers), By Filter Type (High-Frequency Particulate Air (HEPA) filters, Prefilter + HEPA, Pref...ilter + HEPA + Activated Carbon, HEPA + Activated Carbon + Ionic filters, Prefilter + HEPA + Electrostatic Precipitators, Others), By Sales Channel (Online Sales, Offline Sales, By End Users Commercial, Residential, Industrial, Institutional) and others Read more

  • FMCG
  • Jun 2024
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  • PDF, Excel, PPT

Market Insights & Analysis: Latin America Air Purifier Market (2024-30):

The Latin America Air Purifier Market size was valued at around USD 1.60 billion in 2023 and is expected to exhibit a growth rate (CAGR) of around 6.20% during the forecast period, i.e., 2024-2030. The factors attributing to the growth in demand for air purifiers in Latin American countries include the increasing Air Quality Index (AQI), rising implementation of government regulations to monitor indoor air quality, and growing health consciousness among consumers.

Latin American countries, such as Chile, Peru, etc., usually depend on the manufacturing sector, including automotive and food & beverage, to elevate their economies. These industries contribute significantly to the nation's Gross Domestic Product (GDP). As per the World Bank, in 2023, the industrial sector in Chile contributed to around 32% of its overall GDP. Similarly, the industrial sectors in other Latin American nations also uplifted their GDP. As a result, the governments of Latin American countries are encouraging the setup of several industrial units and boosting the industrialization of their countries. The rising industrial activities are resulting in higher emissions of pollutants, such as particulate matter, volatile organic compounds (VOCs), and nitrogen oxides, which cause several health hazards. As a result, individuals and business organizations are using air purifiers to improve indoor air quality and mitigate the health risks associated with industrial emissions, driving the Latin America Air Purifier Market.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 6.20%
Country Covered Brazil, Argentina, Mexico, Chile, Peru, Rest of Latin America
Key Companies Profiled Bissell, Inc., Whirlpool Corporation, Camfil, DAIKIN INDUSTRIES, Ltd., Huawei Technologies Co. Ltd, Honeywell International Inc., Koninklijke Philips N.V., Philco Electronics, LG Electronics Inc., Thermomatic do Brasil Ltd., Panasonic Corporation, IQAir, Others
Market Value (2023) USD 1.60 Billion

 

Moreover, private entities & governing bodies are actively developing industrial units to gain a competitive advantage over several other European & North American nations & companies. This expansion of industrial units would further necessitate the installation of air purifiers within these industries, enlarging the Latin America Air Purifier Market during 2024-2030.

In addition, the rising carbon footprint is leading to climate change issues for several Latin American countries. Based on the data provided by the World Bank, in 2022, the carbon emitted in Chile reached 84.38 million tons, an increase of about 5.24% compared to 2020. The increasing carbon footprint in different industry verticals is negatively impacting health and the environment. Thus, the official authorities of these Latin American countries are enforcing stringent regulations, compelling the end-user industries to install air purifiers to improve indoor air quality. Furthermore, the governing bodies of Latin American countries are also focusing on implementing these regulations within the education sector to enhance the air quality for young children. As a result, more educational institutions would continue to install air purifiers within their premises, boosting the Latin America Air Purifier Market during the forecast period.   


Latin America Air Purifier Market Research Report: Forecast (2024-2030)

Latin America Air Purifier Market Driver:

Increasing Respiratory Health Problems Amplifying Market Growth – In recent years, there has been a surge in population in Latin American nations. As per the World Bank, in 2022, the population in Argentina reached around 46 million, an increase of about 4,26,083 individuals compared to 2021. This population growth is leading to urbanization and increased demand for transportation services. As a result, the official authorities of these Latin American nations are buying shuttles & buses. These vehicles emit gases that contribute to high levels of nitrogen dioxide & carbon monoxide, causing respiratory health hazards. Therefore, to minimize exposure to air pollution, both outdoor and indoor, individuals & different industry verticals are installing air purifiers, driving the market growth.

Further, the official authorities of Latin America are also actively launching health awareness programs, which would educate more individuals about the respiratory problems caused by rising emissions. This growing health consciousness among consumers would further enhance the demand for solutions that help reduce these emissions & provide clean and breathable air, uplifting the Latin American air purifier market in the forthcoming years.

Latin America Air Purifier Market Opportunity:

Expansion of Healthcare Facilities to Open New Doors – Post-pandemic, there have been rising occurrences of non-communicable diseases (NCDs) due to a lack of physical activity levels and changing dietary habits. Due to this, there is an immediate requirement for hospitals to provide preventive care & offer treatment options for complex medical conditions. Hence, to strengthen healthcare systems and meet growing healthcare demands, the official authorities of Latin American countries are allocating substantial funds. The private & public authorities are building new healthcare buildings across the region. These healthcare buildings are more susceptible to airborne infections and Hospital-Acquired Infections (HAIs). As a result, there is a need for air purifiers with high-efficiency particulate air (HEPA) filters. Thus, the development of new healthcare units would pose a prospect for the key market players to offer their air purifiers at hospitals, clinics & nursing homes, amplifying the Latin American Air Purifier Industry during the forecast period.

Latin America Air Purifier Market Challenge:

High Initial Cost & Availability of Alternative Solutions Hindering Market Growth – Air purifiers are usually made up of HEPA (High-Efficiency Particulate Air) filters and ionizers. As a result, the price of air purifiers is relatively higher, and the consumers residing in the low economies of Latin America restrain themselves from purchasing air purifiers. In addition, individuals residing in the rural parts of Latin American countries are surrounded by more trees & plants. As a result, inhabitants residing in these lowly developed areas restrain themselves from purchasing air purifiers, hampering their market growth.

In addition, consumers nowadays are becoming more inclined towards natural things. As a result, they are seeking solutions that are either sourced directly from nature or are natural. Therefore, consumers in Latin American countries have indoor plants that act as an air purifier substitute to improve indoor air quality. The cost of the indoor plants is lower than that of the air purifiers. According to the market player, Dyson, the price of the air purifier is approximately 80% higher than the plants and 20% higher than the other alternatives. Therefore, consumers are inclined towards inexpensive alternatives, slowing down the sales of air purifiers in Latin America.

Latin America Air Purifier Market Trend:

Growing Inclination Towards the New & Innovative Air Purifiers Support Market Growth – In recent years, individuals have become more mindful of pollutants and allergens present indoors. As a consequence, individuals are actively installing air purifiers that effectively remove a wide range of contaminants and create a healthier indoor environment. Additionally, top companies are increasingly introducing new & advanced air purifiers that remove pollutants & allergens effectively. For instance, in 2024, University of Bath engineers launched a new & innovative range of air purifiers that kill almost 99.99% of pathogens & allergens. These next-generation purifiers also help in capturing & neutralizing allergens and airborne particles, thereby reducing respiratory symptoms and improving overall well-being. As a result, these new & innovative ranges are emerging as a popular choice among consumers, uplifting market growth.

Latin America Air Purifier Market (2024-30): Segmentation Analysis

The Latin America Air Purifier Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the regional level. Based on the analysis, the market has been further classified as:

Based on Filter Type:

  • High-Frequency Particulate Air (HEPA) filters
  • Prefilter + HEPA
  • Prefilter + HEPA + Activated Carbon
  • HEPA + Activated Carbon + Ionic filters
  • Prefilter + HEPA + Electrostatic Precipitators
  • Others

Among them, High-Efficiency Particulate Air (HEPA) filters hold a dominant market share in the Latin America Air Purifier Market. These filters have an exceptional ability to capture airborne particles and improve indoor air quality. Additionally, HEPA filters consist of densely & randomly oriented fibers, typically made from materials like fiberglass, polypropylene, or synthetic polymers. As a result, these fibers create a labyrinthine network that effectively traps particles when air passes through the filter. This results in a high level of filtration compared to any other filters available. Additionally, HEPA filters capture microscopic particles that guarantee cleaner air & removal of pollutants that trigger allergic reactions, asthma attacks, or respiratory distress. Therefore, individuals with allergies, asthma, or respiratory sensitivities rely on Air purifiers with HEPA filters to improve their overall comfort & well-being.

Further, HEPA filters easily integrate into various air purifiers, including portable units for homes, offices, vehicles, and HVAC systems for larger commercial or residential spaces. This versatility and adaptability further engage consumers, enhancing the market share of HEPA filters in the Latin America Air Purifier Market.

Based on Sales Channel:

  • Online Sales
    • Company/Brand Websites
    • E-commerce Websites
  • Offline Sales
    • Hypermarkets/Supermarkets
    • Specialty Stores

Of them, the offline sales channel holds a significant market share in the Latin America Air Purifier Market. Offline sales channels, including specialty appliance stores & home improvement centers, provide consumers with the opportunity for personalized consultation and expert advice. As a result, consumers purchase air purifiers from these stores after discussing filtration technologies, room size considerations, maintenance requirements, and optimal placement strategies with the salesperson. In addition, offline retail stores enable consumers to experience air purifiers firsthand through product demonstrations and hands-on testing. This tactile experience allows end users to assess the quality, noise levels, air purification performance, user interface, and additional features of different models, enhancing their confidence in the product and its capabilities. Therefore, consumers primarily purchase air purifiers via offline sales channels, boosting the market share of offline channels in the Latin America Air Purifier Market.

Latin America Air Purifier Market (2024-30): Regional Projections

Geographically, the Latin America Air Purifier Market expands across:

  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Peru
  • Rest of Latin America

Geographically, Brazil holds the dominant market share in the Latin America Air Purifier Market due to growing air quality concerns and rising environmental policies and regulations. In recent years, major cities like São Paulo & Rio de Janeiro in Brazil have witnessed a surge in industrial activities, biomass burning, and deforestation, amplifying the pollution growth. These poor air quality issues pose health risks and respiratory challenges. As a result, consumers & end users are purchasing air purifiers to mitigate indoor pollution and have cleaner living spaces. Additionally, rising public health drives and educational initiatives by the governing authorities are creating more consciousness about the impact of air pollution on health. As a result, consumers in Brazil are buying air purifiers as a proactive measure to protect their health and enhance air quality for families, especially for vulnerable populations such as children and the older population.

Further, the government of Brazil is increasingly implementing environmental policies and regulations to reduce pollution, promote sustainability, and address climate change. This is encouraging business organizations & individuals to opt for air purification technologies, driving market growth.

Global Latin America Air Purifier Industry Recent Development:

  • 2024: Daikin Industries introduces a UV-LED air purifier that helps kill around 99.99% of pathogens.
  • 2023: Panasonic Corporation launched a portable air purifier that helps in reducing odors and diminishing the harmful bacteria present in the air.

Gain a Competitive Edge with Our Latin America Air Purifier Market Report

  1. Latin America Air Purifier Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Latin America Air Purifier Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Latin America Air Purifier Market is expected to grow at a compound annual growth rate (CAGR) of around 6.20% over the forecast period.

   A. The increasing respiratory health problem is a prominent factor expected to drive the Latin America Air Purifier Market during 2024-30

   A. Bissell, Inc., Whirlpool Corporation, Camfil, DAIKIN INDUSTRIES, Ltd., Huawei Technologies Co. Ltd., Honeywell International Inc., Koninklijke Philips N.V., Philco Electronics, LG Electronics Inc., Thermomatic do Brasil Ltd., Panasonic Corporation, IQAir, and others are top companies in the Latin America Air Purifier Market.

   A. Offline sales held the largest share of the Latin America Air Purifier Market.

   A. The increasing inclination towards new & innovative air purifiers is a key trend shaping the growth of the Latin America Air Purifier Market.

   A. The expansion of healthcare facilities is one of the growth opportunities driving the Latin America Air Purifier Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Latin America Air Purifier Market Regulations & Policies
  5. Latin America Air Purifier Market Trends & Developments
  6. Latin America Air Purifier Market Dynamics
    1. Drivers
    2. Challenges
  7. Latin America Air Purifiers Market Supply Chain Analysis
  8. Latin America Air Purifiers Market Hotspot & Opportunities
  9. Latin America Air Purifier Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand)
    2. Market Share & Analysis
      1. By Type
        1. Standalone Air Purifiers- Market Size & Forecast 2019-2030, USD Million & Thousand
          1. Fixed/Wall-mounted- Market Size & Forecast 2019-2030, USD Million & Thousand
          2. Portable- Market Size & Forecast 2019-2030, USD Million & Thousand
        2. In-duct Air Purifiers- Market Size & Forecast 2019-2030, USD Million & Thousand
      2. By Filter Type
        1. High-Frequency Particulate Air (HEPA) filters- Market Size & Forecast 2019-2030, USD Million & Thousand
        2. Prefilter + HEPA - Market Size & Forecast 2019-2030, USD Million & Thousand
        3. Prefilter + HEPA + Activated Carbon - Market Size & Forecast 2019-2030, USD Million & Thousand
        4. HEPA + Activated Carbon + Ionic filters- Market Size & Forecast 2019-2030, USD Million & Thousand
        5. Prefilter + HEPA + Electrostatic Precipitators- Market Size & Forecast 2019-2030, USD Million & Thousand
        6. Others- Market Size & Forecast 2019-2030, USD Million & Thousand
      3. By Sales Channel
        1. Online Sales- Market Size & Forecast 2019-2030, USD Million & Thousand
          1. Company/Brand Websites- Market Size & Forecast 2019-2030, USD Million & Thousand
          2. E-commerce Websites- Market Size & Forecast 2019-2030, USD Million & Thousand
        2. Offline Sales- Market Size & Forecast 2019-2030, USD Million & Thousand
          1. Hypermarkets/Supermarkets- Market Size & Forecast 2019-2030, USD Million & Thousand
          2. Specialty Stores- Market Size & Forecast 2019-2030, USD Million & Thousand
      4. By End Users
        1. Commercial- Market Size & Forecast 2019-2030, USD Million & Thousand
        2. Residential- Market Size & Forecast 2019-2030, USD Million & Thousand
        3. Industrial- Market Size & Forecast 2019-2030, USD Million & Thousand
        4. Institutional- Market Size & Forecast 2019-2030, USD Million & Thousand
      5. By Country
        1. Brazil
        2. Argentina
        3. Mexico
        4. Chile
        5. Peru
        6. Rest of Latin America
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
  10. Brazil Air Purifier Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, USD Million & Thousand
      2. By Filter Type- Market Size & Forecast 2019-2030, USD Million & Thousand
      3. Sales Channel- Market Size & Forecast 2019-2030, USD Million & Thousand
      4. By End User- Market Size & Forecast 2019-2030, USD Million & Thousand
  11. Argentina Air Purifier Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, USD Million & Thousand
      2. By Filter Type- Market Size & Forecast 2019-2030, USD Million & Thousand
      3. Sales Channel- Market Size & Forecast 2019-2030, USD Million & Thousand
      4. By End User- Market Size & Forecast 2019-2030, USD Million & Thousand
  12. Mexico Air Purifier Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, USD Million & Thousand
      2. By Filter Type- Market Size & Forecast 2019-2030, USD Million & Thousand
      3. Sales Channel- Market Size & Forecast 2019-2030, USD Million & Thousand
      4. By End User- Market Size & Forecast 2019-2030, USD Million & Thousand
  13. Chile Air Purifier Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, USD Million & Thousand
      2. By Filter Type- Market Size & Forecast 2019-2030, USD Million & Thousand
      3. Sales Channel- Market Size & Forecast 2019-2030, USD Million & Thousand
      4. By End User- Market Size & Forecast 2019-2030, USD Million & Thousand
  14. Peru Air Purifier Market Analysis, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, USD Million & Thousand
      2. By Filter Type- Market Size & Forecast 2019-2030, USD Million & Thousand
      3. Sales Channel- Market Size & Forecast 2019-2030, USD Million & Thousand
      4. By End User- Market Size & Forecast 2019-2030, USD Million & Thousand
  15. Latin America Air Purifiers Market Key Strategic Imperatives for Growth & Success
  16. Competition Outlook
    1. Company Profile
      1. Bissell, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Whirlpool Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Camfil
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. DAIKIN INDUSTRIES, Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Honeywell International Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Koninklijke Philips N.V.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Philco Electronics
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. LG Electronics Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Thermomatic do Brasil Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Panasonic Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. IQAir
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
  17. Disclaimer


Latin America Air Purifier Market Segmentation